Samsung E&A has secured a major engineering, procurement and construction services contract worth $3.46 billion from Sabic Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) for its integrated industrial complex. The project commissioning is targeted for Q3 2030.
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Majid Al Futtaim, a leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Central Asia, reported a record first-half EBITDA of AED2.5 billion ($680.74 million), a 11% increase year-on-year.
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Oil prices surged above $100 a barrel on Thursday as the escalating US-Iran conflict intensified fears of a prolonged disruption to crude supplies, with attacks on tankers and a sharp decline in shipping through the Strait of Hormuz adding to market anxiety.
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Azizi Developments, a leading private developer in the UAE, is set to unveil Azizi Florence, an AED30 billion ($8.17 billion) master-planned community in Sharjah, on Thursday.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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The UAE has amended certain provisions of the Executive Regulation of the Federal Decree-Law on Value Added Tax (VAT), as part of its ongoing efforts to further develop the UAE's tax system to enhance tax transparency, improve the efficiency of implementation, and further align the VAT system with international best practices.
United Nations human rights chief Volker Türk has called for urgent international action to impose binding safeguards and “red lines” on artificial intelligence, warning that increasingly powerful AI systems could become an existential risk to humanity if they are allowed to develop without effective oversight.
Talabat, the leading everyday app in the MENA region, has signed a memorandum of understanding (MoU) with QuikBot, an award-winning Singapore Deeptech company transforming final-mile delivery in dense, vertical cities, to launch a live pilot of autonomous delivery robots supporting riders in high-rise buildings.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest financial institutions, has become the first bank in the Middle East and North Africa (MENA) region to sign the UN Sustainable Blue Economy Finance Principles, and establish a AED100 billion ($27.23) blue finance target to support water and blue economy-related financing between 2026 and 2035.
The long-awaited Unified Gulf Tourist Visa is set to be launched soon, allowing international visitors to travel more easily across the six GCC countries, Gulf Cooperation Council Secretary General Jasem Albudaiwi said, according to Saudi Gazette.
Dubai is marking two decades of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s leadership of The Executive Council, a period in which the emirate has recorded major milestones across its economy, infrastructure, public services and quality of life, building on the vision and leadership of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The UAE has established its position as a global hub for trade and investment, underpinned by an open, agile and multi-partnership economy, advanced infrastructure with the country’s non-oil foreign trade exceeding AED1.9 trillion ($517.36 billion) during the first half of 2026, a senior minister has said.
The Gulf region cannot afford to remain trapped in a prolonged state of “neither war nor peace”, with its stability and future dependent on fragile arrangements and repeated efforts to contain crises after they erupt, Dr Anwar Mohammed Gargash, Diplomatic Advisor to His Highness the UAE President, said at a key forum on Monday.
Saudi Arabia's Public Investment Fund (PIF) today launched Gulf Coast Development Company to create an integrated tourist and residential destination on the Al-Khafji coast overlooking the Arabian Gulf.
The pace of new and renewed rental contracts recorded in Dubai’s freehold areas continued to increase in August, says a new report.
Denmark’s offshore wind expansion is poised to transform its clean energy system and strengthen its regional power role, with planned energy islands designed to transmit renewable electricity, connect neighbouring markets and convert surplus power into green fuels, according to GlobalData.
UAE-based Musafir Holdings has launched JETT, a standalone technology business bringing travel technology solutions to travellers, travel companies and corporates.
Samsung E&A has secured a major engineering, procurement and construction services contract worth $3.46 billion from Sabic Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) for its integrated industrial complex. The project commissioning is targeted for Q3 2030.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Fakhruddin Properties has unveiled Tréppan Vision, an AED700 million mixed-use development for the future of living, where robots become part of everyday life.
Healthcare technology startups across the GCC attracted $148 million in disclosed investment between January 2025 and July 2026, according to PitchBook data
The King Abdulaziz Foundation for Research and Archives (Darah) has launched specialised online training programmes in history and historical sources through its online training platform on FutureX.
Apple has entered the foldable smartphone race with the launch of the Duo, a passport-sized iPhone with rounded edges that opens into a 7.6-inch display. The new model features a smaller outer screen when folded and is Apple’s thinnest phone when open.
Volatility creates opportunity and it is the leadership’s ability to convert challenges into opportunities that makes a difference in people’s lives, officials told more than 500 accounting professionals.
Healthcare technology startups across the GCC attracted $148 million in disclosed investment between January 2025 and July 2026, according to PitchBook data
ROX, a premier international AI technology company focused on outdoor lifestyle and adventure. has started vehicle production at its newly completed manufacturing centre in Abu Dhabi, marking a step forward in the company’s global expansion.
MBC Group, a premier media and entertainment conglomerate in the Mena region, has announced that Ali Jaber will transition from his executive role as Chief Content Officer to an advisory capacity - continuing to support the Group on strategic priorities and industry matters.
The King Abdulaziz Foundation for Research and Archives (Darah) has launched specialised online training programmes in history and historical sources through its online training platform on FutureX.
